Author: Frank N. Wilner

Beware the operating ratio trap

Watching Washington, February 2019: Sizzle sells product. No wonder the sizzle of ever-lower operating ratios is leading to remarkably higher railroad share prices. But as operating ratios—operating expenses as a percentage of operating revenue—flirt with a sub-60%, the meaning for the longer term is unclear.

NMB eyes easier union “ouster” procedure

In a Notice of Proposed Rulemaking (NPRM) issued Jan. 31, the Republican majority on the National Mediation Board seeks to create a “straightforward election process” to decertify union representation on airlines and railroads whose labor relations are governed by the Railway Labor Act (RLA).

STB waiting too long for Godot

Watching Washington, January 2019: Prominently on Harry Truman’s Oval Office desk was a sign, “The buck stops here.” Newly confirmed members of the Surface Transportation Board (STB) may wish to reflect on that acknowledgment of accountability as they wade through a troubling backlog of unfinished rulemakings—some disregarded for years.

White House renames rail nominees

Five nominations for rail transportation federal leadership posts were announced Jan. 16 by President Trump. All are nominees from the previous session of Congress, and were cleared by respective Senate oversight committees for confirmation on the Senate floor—but none advanced for a floor vote prior to the Senate adjourning.

FRA morale tops among rail agencies

Some in the federal work force may say, “Take this job and shove it,” but not so at the Federal Railroad Administration (FRA), where job satisfaction for 2018 was the highest among the Department of Transportation’s nine modal administrations.